1. Crax Bot

    RSS EUR/USD: Simple Trading Tips for Beginner Traders on December 11th (U.S. Session)

    Analysis of Trades and Advice on Trading the Euro Currency Testing the price level of 1.0518 coincided with the moment when the MACD indicator had just begun moving downward from the zero mark. This confirmed a correct entry point for selling the euro in continuation of the downward trend...
  2. Crax Bot

    RSS GBP/USD: Plan for the U.S. Session on December 11 (Review of Morning Trades). Pressure on the Pound Returns

    In my morning forecast, I focused on the level of 1.2758 and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened. A breakout and retest of 1.2758 from below provided an excellent entry point for selling the pound, resulting in a significant...
  3. Crax Bot

    RSS EUR/USD: Trading Plan for the U.S. Session on December 11th (Review of Morning Trades). The Euro Continues to Lose Ground

    In my morning forecast, I focused on the level of 1.0501 and planned to make trading decisions based on it. Let's look at the 5-minute chart to analyze what happened. A breakout and retest of 1.0501 from below provided a good entry point to sell the euro, but no significant sell-off followed. As...
  4. Crax Bot

    RSS Forecast for EUR/USD on December 11, 2024

    On Tuesday, the EUR/USD pair reversed in favor of the U.S. dollar and consolidated below the 323.6% corrective level at 1.0532. This suggests that the downtrend could continue toward the next target at 1.0420. Recent market movements have been modest, but the bears have started to gain an edge...
  5. Crax Bot

    RSS GBP/USD. December 11th. Inflation in the US will determine the Fed's policy

    On the hourly chart, the GBP/USD pair rebounded from the support zone of 1.2709–1.2734 on Tuesday, showing some upward movement. However, the resistance zone at 1.2788–1.2801 was not reached, and no sell signals were formed. The pound has been trading sideways for three days. Currently, trading...
  6. Crax Bot

    RSS How to Trade the GBP/USD Pair on December 11? Simple Tips and Trade Analysis for Beginners

    Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair continued to trade with a minimal upward bias. The pound sterling is rising again, even when the euro is falling or stagnant. While the euro has been trading in a flat range for three weeks, the pound has shown weak...
  7. Crax Bot

    RSS How to Trade the EUR/USD Pair on December 11? Simple Tips and Trade Analysis for Beginners

    Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD pair continued to move downward after repeatedly failing to break the 1.0596 level. The pair has been trading within a horizontal channel for several weeks, clearly visible on the chart above. Neither Monday nor Tuesday...
  8. Crax Bot

    RSS Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Wednesday December 11, 2024.

    With the appearance of hidden deviations between the price movement of the GBP/AUD cross currency pair with the Stochastic Oscillator indicator on the 4-hour chart, it has confirmed that in the near future GBP/AUD is still in a strengthening condition, even if there is a weakening, it is only a...
  9. Crax Bot

    RSS Arif Makmur:Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday December 11, 2024.

    If we look at the 4-hour chart of the AUD/JPY cross currency pair, even though it is in a condition dominated by sellers, there is a deviation between the price movement of AUD/JPY which makes Lower-Low while the Awesome Oscillator indicator on the contrary forms Lower-High which gives an...
  10. Crax Bot

    RSS Forecast for EUR/USD on December 11, 2024

    Investors' gradual shift away from risk continues. Yesterday, the U.S. stock index S&P 500 fell by 0.30%, and the euro followed suit, losing 24 pips, albeit within the context of anticipation for the European Central Bank meeting. The November U.S. CPI report will be released today. The Core...
  11. Crax Bot

    RSS Forecast for GBP/USD on December 11, 2024

    On Wednesday, the pound gained 21 pips despite the U.S. dollar index strengthening by 0.26%. While this upward move shows potential, it remains unpromising, as U.S. inflation data and the Bank of Canada's rate decision are expected today. The November U.S. CPI is forecast to rise from 2.6% YoY...
  12. Crax Bot

    RSS Forecast for USD/JPY on December 11, 2024

    Over the past two days, the USD/JPY pair has reached an intermediate resistance level at 152.16 as it moves toward the target of 153.60. However, the situation suggests that the 153.60 target may not be achieved. This is indicated by the Marlin oscillator, which is rising ahead of the market and...
  13. Crax Bot

    RSS Overview of the GBP/USD Pair for December 11; The Sterling Struggles Between Optimism and Resistance

    The GBP/USD currency pair remains above the moving average line, indicating that the local upward trend remains intact. However, we have repeatedly reiterated that any growth in the British pound at this stage is merely a correction, and we maintain this stance. After two consecutive months of...
  14. Crax Bot

    RSS Overview of the EUR/USD Pair for December 11; The Market Slumbers While the Dollar Secures Its Victory

    On Tuesday, the EUR/USD pair began a gradual decline. The price slipped slightly below the moving average line, and the week lacked any significant fundamental or macroeconomic events. As a result, there is little to analyze in the current market environment—no news, reports, speeches, just...
  15. Crax Bot

    RSS Trading Recommendations and Review of GBP/USD on December 11; The Pound Continues to Surprise with Its Resilience

    GBP/USD 5-Minute Analysis On Tuesday, the GBP/USD pair traded sideways for most of the day. While the euro showed a confident decline, possibly even resuming its downtrend, the British pound held steady, defying expectations. As we've mentioned repeatedly, the British currency in 2024...
  16. Crax Bot

    RSS Trading Recommendations and Review of EUR/USD on December 11; The Dollar Gains Momentum Ahead of Inflation Data

    EUR/USD 5-Minute Analysis On Tuesday, the EUR/USD pair began its decline during the European trading session. The only economic release of the day, Germany's Consumer Price Index, cannot be attributed as the cause of the euro's fall, as it was a second estimate aligned with forecasts...
  17. Crax Bot

    RSS Video analysis for December 10, 2024

    Potential for the further drop on EUR/USD The material has been provided by InstaForex Company - www.instaforex.com
  18. Crax Bot

    RSS U.S. Mortgage Refinance Index Surges to New High, Hits 634.0 on December Update

    In a notable rise that signals growing interest in refinancing, the U.S. Mortgage Refinance Index has climbed significantly to 634.0 as of December 11, 2024. This is a marked increase from the previous figure of 498.5, underscoring a robust surge in refinancing activity across the nation. The...
  19. Crax Bot

    RSS How high Solana can rally in December, and can SOL beat XRP?

    Solana (SOL) is currently consolidating after hitting its all-time high at $264.39 on November 22.
  20. Crax Bot

    RSS EUR/USD Analysis: Awaits US Inflation - 11 December 2024

    EUR/USD trades near 1.0500 under bearish pressure as US inflation data and the ECB announcement shape market expectations.
  21. Crax Bot

    RSS Gold Analysis: Surpasses $2,700 - 11 December 2024

    Gold breaks $2,700, driven by geopolitical tensions and strong demand, with bulls targeting $2,725 and $2,755 resistance levels.
  22. Crax Bot

    RSS Nasdaq Forecast: Awaits CPI Numbers - 11 December 2024

    NASDAQ 100 stabilizes as markets await CPI data, with pullbacks expected to attract buyers amid bullish seasonal trends.
  23. Crax Bot

    RSS CAD/JPY Forecast: Likely to Breakout - 11 December 2024

    CAD/JPY tests 107.50 resistance, eyeing 108.50 and 110 levels, as short-term pullbacks provide potential buying opportunities amid yen weakness.
  24. Crax Bot

    RSS NZD/USD Analysis: Long-Term Lower Values Seen as Nervousness Builds - 11 December 2024

    The NZD/USD downwards trajectory continues to test the willpower of technical traders as financial institutions have produced new long-term lows amidst obvious nervous sentiment.
  25. Crax Bot

    RSS USD/ILS Analysis: Long-Term Depths Challenged and Lower Trading Range - 11 December 2024

    The USD/ILS has displayed the ability to challenge long-term lows as behavioral sentiment in financial institutions has taken on improved perspectives and the new price realm is getting tested.
  26. Crax Bot

    RSS Dax Forecast: Sees Overhang of Resistance - 11 December 2024

    The DAX hovers near 20,500 resistance, with pullbacks likely providing buying opportunities as ECB policy supports a bullish outlook.
  27. Crax Bot

    RSS ETH/USD Forecast: Drifts to Supportive Area - 11 December 2024

    Ethereum nears $3,600 support, eyeing the 50-day EMA, as Bitcoin's struggle at $100K hinders broader crypto momentum.
  28. Crax Bot

    RSS Silver Forecast: Looking Toward Resistance Above - 11 December 2024

    Silver rises toward $32.35 resistance, with CPI data expected to shape its trajectory as bulls eye the $35 level.
  29. Crax Bot

    RSS GBP/USD Forex Signal: Wedge, Death Cross Points To a Drop to 1.2600 - 11 December 2024

    The GBP/USD pair remained in a tight range on Wednesday morning as traders waited for the upcoming US inflation data.
  30. Crax Bot

    RSS BTC/USD Forex Signal: Bitcoin Rally Hits a Barrier - 11 December 2024

    The BTC/USD pair remained under pressure as the recent surge in the cryptocurrency market waned.
  31. Crax Bot

    RSS EUR/USD Forex Signal: Bears Testing $1.0500 Again - 11 December 2024

    The big round number is a major pivotal point, strong US CPI data today might cause a bearish breakdown below this level in line with the long-term trend.
  32. Crax Bot

    RSS AUD/USD Forex Signal: Hits Ultimate Support, Brief Rebound Likely - 11 December 2024

    The AUD/USD pair continued its downtrend after the Reserve Bank of Australia (RBA) left interest rates unchanged as was widely expected.
  33. Crax Bot

    RSS USD/JPY Forex Signal: US Dollar Continues to Climb Against Yen - 11 December 2024

    During my daily analysis of the USD/JPY pair, we broke above the crucial ¥152 level, an area that of course is rather important.
  34. Crax Bot

    RSS USD/CHF Forecast: US Dollar Rallies from Support Against Swissy - 11 December 2024

    During my daily analysis of the major currency pairs around the world, the USD/CHF pair has captured my attention as we have seen a fairly significant bounce during the trading session on Tuesday.
  35. Crax Bot

    RSS USD/MYR Forecast: US Dollar Finds Support Against Ringgit - 11 December 2024

    In my daily analysis of exotic currency pairs, the USD/MYR currency pair has caught my attention as we are sitting between 2 of the biggest moving averages that traders follow.
  36. Crax Bot

    RSS GBP/JPY Forecast: British Pound Tests 50 Day EMA Against Yen - 11 December 2024

    In my daily analysis of the GBP/JPY pair, we have seen a lot of strength coming out of the British pound, or perhaps more to the point, we have seen a lot of weakness coming out of the Japanese yen.
  37. Crax Bot

    RSS BTC/USD Forecast: Bitcoin Continues to Wait on a Breakout - 11 December 2024

    During my daily analysis of Bitcoin, the first thing I noticed is that we of course are dropping again, and it looks like the $100,000 level will continue to see a lot of selling pressure.
  38. Crax Bot

    RSS Forex Today: Uptick in US Inflation Expected Today - 11 December 2024

    US CPI Seen Rising From 2.6% to 2.7%; Bank of Canada Expected to Cut Rates by 0.50%; AUD/USD Reaches 4-Month Low; Cocoa Futures Hit 7-Month High Following Strong Gains
  39. Crax Bot

    RSS EURUSD Breakdown, 9th December

    This Monday, as part of the weekly market review and analysis, we examined the price action on the EURUSD chart across the different timeframes. While the short-term direction appears to be bearish, the long-term sentiment remains bullish, especially on the weekly and daily timeframe charts...
  40. Crax Bot

    RSS Greenback Holds Firm in Subdued Trading Despite Growing Expectations of December Fed Cut

    Trading in the forex markets were subdued in the Asian session. Low activity is expected to persist for the rest of the day due to a light economic calendar. Dollar remains resilient, supported by expectations that the incoming US administration will favor a strong currency. While the sharp drop...
  41. Crax Bot

    RSS NFP’s role looms larger for January Fed pause while December cut looks set

    The pivotal US non-farm payroll report today stands at the center of market focus, with its implications likely to influence both the Fed decision outlook, but probably more on January meeting than this month’s. Fed fund futures indicate a 70% probability of a 25bps rate cut this month, up from...
  42. Crax Bot

    RSS Greenback Holds Firm in Subdued Trading Despite Growing Expectations of December Fed Cut

    Trading in the forex markets were subdued in the Asian session. Low activity is expected to persist for the rest of the day due to a light economic calendar. Dollar remains resilient, supported by expectations that the incoming US administration will favor a strong currency. While the sharp drop...
  43. Crax Bot

    RSS Fed Expected to Cut Rates in December and January: RBC Analysis

    RBC preview the December 17-18 Federal Reserve Federal Open Market Committee (FOMC) meeting, expecting a 25bp rate cut at this meeting and then again at the January 31-February 1 2025, meeting pace of easing has already slowed recent communications from Fed speakers continue to hint at further...
  44. Crax Bot

    RSS Economic calendar in Asia 10 December 2024 - Chinese trade data + RBA policy decision

    I posted a preview of the Reserve Bank of Australia yesterday. The TL;DR is watch the statement: Reserve Bank of Australia meeting on Tuesday, December 10, 2024 - Statement/Bullock focus As for China ... sheesh ... slipping back towards CPI deflation, PPI has been deflating for 26 months in...
  45. Crax Bot

    RSS US MBA mortgage applications w.e. 6 December +5.4% vs +2.8% prior

    Prior +2.8% Market index 225.5 vs 213.9 prior Purchase index 154.9 vs 161.5 prior Refinance index 634.0 vs 498.5 prior 30-year mortgage rate 6.67% vs 6.69% prior There's a bit of a caveat to the latest jump in mortgage applications in the past week. Purchase activity declined but that was more...
  46. Crax Bot

    RSS FX option expiries for 11 December 10am New York cut

    There are just a couple to take note of on the day, as highlighted in bold. And they are both for EUR/USD at the 1.0490-00 levels. With sellers back in near-term control again as price action is below both the key hourly moving averages, it puts focus on the figure level - where price was...
  47. Crax Bot

    RSS FX option expiries for 10 December 10am New York cut

    There are arguably just two to take note of on the day, as highlighted in bold. And they are both for EUR/USD at the 1.0500 and 1.0600 levels, sandwiching the current spot price. That should help keep price movements in the pair more limited before the expiries roll off, with larger ones also...
  48. Crax Bot

    RSS FX option expiries for 9 December 10am New York cut

    There aren't any major expiries to take note of on the day. As such, trading sentiment will start to move towards focusing on the US inflation data later this week as well as key central bank meetings over coming two weeks. The dollar remains vulnerable after the non-farm payrolls report on...
  49. Crax Bot

    RSS FX option expiries for 6 December 10am New York cut

    There is arguably just one to take note of in the day ahead, as highlighted in bold. That being for EUR/USD at the 1.0600 mark. The expiries there alongside some short-term resistance around 1.0590 could well help to keep any upside price action more limited, as we gear towards the US jobs...
  50. Crax Bot

    RSS FX option expiries for 5 December 10am New York cut

    There are a couple to take note of on the day, as highlighted in bold. They are for EUR/USD and layered in between 1.0500 through to 1.0550. As such, the expiries could play a role in terms of limiting price movements during the session ahead. That at least until we get to the US weekly initial...
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